Thanks for the comments. I threw another set of wheels on it I had, again with a 7 spd freewheel and this time the rear one slid in without being overly tight. Seems to shift well too, though I've only taken the bike for short spins around our parking lot due to the lack of brakes, lol. I'm really looking forward to getting this bike up and running & doing a 50 miler on it, though.

Btw I think I mentioned it's also missing it's front derailleur, I thought I might buy a used Deore front from around that era, what do you guys think? I'm open to suggestions.

Oh and what do you guys think of these 2 brake sets as possibilities?

http://www.ebay.com/itm/171817742839...%3AMEBIDX%3AIT

http://www.ebay.com/itm/291486261259...%3AMEBIDX%3AIT Thanks!